RBC Bank frequently asked SHORT SALE & FORECLOSURE questions in Campbell county
What are some RBC Bank foreclosure alternatives?
I am upside down on my mortgage with RBC Bank, what should I do?
What is a RBC Bank short sale?
RBC Bank denied my loan modification, what's next?
What is the RBC Bank short sale process?
How do I choose a RBC Bank short sale company?
How do I qualify for a short sale with RBC Bank?
Where do I find a RBC Bank short sale expert?
How do I hire a RBC Bank short sale REALTOR?
How to find short sale agents who work with RBC Bank?
What are the documents required for a RBC Bank short sale?
How do I write a RBC Bank hardship letter?
What are some RBC Bank FORECLOSURE ALTERNATIVES?
If you are wanting to avoid foreclosure with RBC Bank in Campbell county, consider a short sale. RBC Bank has alternatives to a foreclosure. With record high defaults (foreclosures), a great solution is a RBC Bank approved short sales. There are a large number of people behind on their mortgage payments and upside down on their home that want to avoid foreclosure. Banks are allowing you to sell your home for less than what is owed. If you want to stop your home from going into foreclosure in Campbell county, a short sale may be the right solution for you. We provide this service at absoletely no cost to you and have great working relationships with RBC Bank to help you in your time of need.
I AM upside down on MY mortgage with RBC Bank, WHAT SHOULD I DO?
If you upside down on your RBC Bank mortgage, there are options to avoid foreclosure in Campbell county. There are many options to either avoid a foreclosure or make your mortgage payment even more affordable. To avoid having a RBC Bank foreclosure, one of the best options you might have would be performing what is called a short sale.
What is a RBC Bank Short Sale?
Banks such as RBC Bank are not wanting to absorb the cost of a foreclosure in Campbell county. Foreclosures are very expensive and time consuming. Banks will typically work with home owners in hardship and allow you to perform a short sale. Our company specializes in helping homeowners working out a short sale solution with RBC Bank.
RBC Bank Denied MY Loan Modification, whats next?
Knowing exactly what a short sale is will help you have a better understanding. We work with RBC Bank to negotiate a short sale for you. Our team of Short Sale Experts in Campbell county have a great realationship with RBC Bank and show that your home is worth much less than owed, and to avoid the hassels and expenses of foreclosing, we can negotiate a short sale.
What is the RBC Bank short sale process?
- The lender acknowledges receipt of the file. (This can take 10 to 30 days.)
- A negotiator is assigned. (This can take 30 to 60 days.)
- A Brokers Price Option (BPO) is ordered. (This can take 10 to 15 days.)
- A second negotiator could be assigned. (This can take another 30 days.)
- The file is sent for review or to the PSA. (This can take 15 to 30 days.)
- The bank might request that all parties sign an Arm's-Length Affidavit.(Typically nortorized)
- The bank issues a short sale approval letter.
- Close the sale of your short sale
HOW TO CHOOSE A RBC Bank Short Sale Company
When your loan modification is denied by RBC Bank, you are an ideal canidate for getting the lender to approve you for a short sale. Lenders attempt to work with home owners to save their homes, but when you are denied a loan modification by RBC Bank, they will allow you to short sale 99% of the time. Call us, we will give you other options.
How to Qualify for a Short Sale with RBC Bank
There are many reasons a RBC Bank will allow you to sell your home for less than owed. Any of these situations may qualify you for a short sale. (Note: these are most of them)
- Job loss or unemployment
- Relocation or involuntary job transfer
- Loss of income
- Decrease in working hours
- Medical expenses
- Major repairs on existing home
- Divorce
- Increased living expenses
- Death of borrower
- Short term or permanent disability
- Death of spouse or family member
- Business failure
- Vacant investment properties
- Bankruptcy
where do i FIND A RBC Bank short sale expert
RBC Bank foreclosure vs short sale in Campbell county. It could be the right solution for you. The lender short sale process in Campbell county can be a long and tedious task and negotiations could take months to complete. We strive to shorten this transaction timeline as a company by utilizing our relationships with RBC Bank.
HOW TO HIRE a RBC Bank short sale realtor?
Have a Professional RBC Bank Short Sale Realtor in Campbell county working for you. Our Short Sale Realtors are the top short sale Realtors to facilitate a effortless and smooth short sale. We are the RBC Bank Short Sale Experts in Campbell county. We have proven track record and can negotiate a short sale from beginning to end.
HOW TO FIND Short Sale agents WHO WORK WITH RBC Bank in Campbell county?
We don't just want you to work with any Real Estate Agent, we want you to work with a Short Sale Realtor that is a short sale specialist in Campbell county. What is the difference between a short sale agent and a short sale Realtor who specialize in working with RBC Bank? They both have to be licensed by the Department of Real Estate and follow the real estate laws. They both specialize in facilitating with short sale transactions and negotiations. The main difference is that a real estate agent is a REALTOR when he or she is a member of the National Association of Realtors. A RBC Bank specialized Realtor in Campbell county has to abide by a stricter Code of Ethics and Standards of Practice.
Hire a local South Dakota RBC Bank short sale expert to sell your home. Not all short sales are successful because every lender and situation is different. A short sale expert can examine your circumstances and be very knowledgeable of your options.
WHAT ARE THE documentS requireD for a RBC Bank short sale in Campbell county?
When qualifing for a RBC Bank short sale, most banks will require the following documentation to approve your short sale in .
- Recent Mortgage Statement
- 2 most recent months of paycheck stubs (if employed)
- 2 most recent months bank statements
- 2 most recent years W2's
- 2 most recent years Tax Returns
- Property Tax Bill (If it is not included in the mortgage)
- Property Insurance Bill/ Statement (if it is not included in the mortgage)
- Homeowners Assoc. Bill (If you have a Homeowners Association)
- Sellers hardship letter
- Complete financial statement
- Letter of authorization (which lets your short sale agent speak to the bank)
- HUD-1 or Preliminary Net Sheet
- Comparative Market Analysis or list of recent comparable sales
How do i write a RBC Bank hardship letter?
The RBC Bank hardship letter only needs to be about a page long typed out explaining your situation and how your circumstances have changed. The lenders want to know why you are not able to make your mortgage payments. Contat us today for a break down on how to write a proper RBC Bank hardship letter.
some history about RBC Bank
RBC Bank, formerly Centura Banks, is the United States retail banking division of the Royal Bank of Canada. Peoples Bancorp and Planters Corp., of Rocky Mount, North Carolina, merged to form Centura Banks in 1990. Centura Banks was acquired by Royal Bank of Canada and rebranded as RBC Centura in 2001. In 2008, RBC abandon the “Centura” name and then would operate under RBC Bank. The bank purchased Tucker Federal Bank parent company Eagle Bancshares in 2002, giving it a substantial customer base in the Atlanta area. The headquarters for the bank are located in Raleigh, North Carolina. Banking centers and automated teller machines are located throughout the Southeastern United States. The company's largest operations are in North Carolina and Alabama.